Malaysia offers incentives for investors in 100 billion USD mega real estate project
Malaysia has announced a series of new incentives during the launch of the Forest City Special Financial Zone, in a bid to accelerate the progress of its 100 billion USD mega real estate project located in Johor state.
In Forest City project in Malaysia (Photo: Nikkei Asia)
Hanoi (VNA) - Malaysia has announced a series of new incentives during the launch of the Forest City Special Financial Zone, in a bid to accelerate the progress of its 100 billion USD mega real estate project located in Johor state.
Forest City will be the first location in Malaysia to offer a 0% tax rate for family offices, said Finance Minister II Datuk Seri Amir Hamzah Azizan as reported by the Malaysian English-language newspaper The Star.
The official added that the 0% tax rate for family offices was among a competitive package of incentives to make Forest City a magnet for international capital, which also includes a concessionary corporate tax rate of 0-5%, and a special individual income tax rate of 15% for knowledge workers, and Malaysians, who choose to work here.
♐ Spanning nearly 30 hectares, Forest City aims to house 700,000 residents. Malaysian Prime Minister Anwar Ibrahim officially announced the project on August 25 last year, highlighting its location near the border with Singapore. The project is intended to help the countries complement each other in attracting talent and investment flows, thus boosting regional economic development./.
Malaysia's approach to climate change adaptation is set to be outlined in its National Adaptation Plan (MyNAP), which is expected to be finalised in 2026.
Malaysia on September 20 launched its National Guidelines on Artificial Intelligence Governance and Ethics (AIGE) to establish a robust framework for users, policymakers, and AI technology providers to ensure adherence to the highest ethical standards.
The Malaysian Official Designers' Association (MODA) in collaboration with partners from Indonesia, the United Arab Emirates (UAE) and Morocco organised the Malaysia Modest Fashion Show on September 19, as part of the 20th Malaysia International Halal Showcase (MIHAS) from September 17-20.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
